OTCQB:UEXCF - Post by User
Comment by
bottomtrawler01on May 01, 2018 1:37pm
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Post# 27965483
RE:RE:COBALT-NICKEL: UEX makes foray into new age metals
RE:RE:COBALT-NICKEL: UEX makes foray into new age metals
1 for 1 wil be very nice. IMHO, Uex has too many shares outstanding to issue 1 for 1 on the coex spin off. Don't forget an ipo will likely also take place. When Pioneer spun out uex they had less than 40 million shares outstanding. We now have 10 times more shares than they did then. And IMHO, that dilution is part of the reason we can't get the s/p to move even when we have awesome news. I know no one wants to hear it but I think UEX could benefit in the long term from a reverse split. At least it wouldn't be so easy to manipulate and hold down.